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安费诺（APH）与自由港麦克莫兰（FCX）财务数据对比。点击上方公司名可切换其他公司
安费诺的季度营收约是自由港麦克莫兰的1.2倍（$6.4B vs $5.3B），安费诺净利率更高（18.6% vs 10.7%，领先7.8%），安费诺同比增速更快（49.1% vs -10.4%），安费诺自由现金流更多（$1.5B vs $-312.0M），过去两年安费诺的营收复合增速更高（40.6% vs -7.9%）
安费诺是一家总部位于美国的电子零部件制造企业，核心产品涵盖电子连接器、光纤连接器、同轴电缆等各类线缆及互连系统，是全球互连解决方案领域的主流供应商，品牌名称源自其前身American Phenolic Corp的名称缩写组合。
自由港麦克莫兰是总部位于美国亚利桑那州凤凰城的矿业企业，是全球最大的钼生产商、主要铜生产商之一，运营着坐落于印度尼西亚巴布亚省的世界最大金矿格拉斯伯格矿。
APH vs FCX — 直观对比
营收规模更大
APH
是对方的1.2倍
$5.3B
营收增速更快
APH
高出59.5%
-10.4%
净利率更高
APH
高出7.8%
10.7%
自由现金流更多
APH
多$1.8B
$-312.0M
两年增速更快
APH
近两年复合增速
-7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $5.3B |
| 净利润 | $1.2B | $565.0M |
| 毛利率 | 38.2% | 12.4% |
| 营业利润率 | 26.8% | 15.4% |
| 净利率 | 18.6% | 10.7% |
| 营收同比 | 49.1% | -10.4% |
| 净利润同比 | 60.2% | -21.6% |
| 每股收益（稀释后） | $0.93 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APHFCX
| Q4 25 | $6.4B | $5.3B | ||
| Q3 25 | $6.2B | $6.8B | ||
| Q2 25 | $5.7B | $7.5B | ||
| Q1 25 | $4.8B | $5.6B | ||
| Q4 24 | $4.3B | $5.9B | ||
| Q3 24 | $4.0B | $6.7B | ||
| Q2 24 | $3.6B | $6.4B | ||
| Q1 24 | $3.3B | $6.2B |
净利润APHFCX
| Q4 25 | $1.2B | $565.0M | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $737.8M | $793.0M | ||
| Q4 24 | $746.1M | $721.0M | ||
| Q3 24 | $604.4M | $1.2B | ||
| Q2 24 | $524.8M | $1.3B | ||
| Q1 24 | $548.7M | $1.2B |
毛利率APHFCX
| Q4 25 | 38.2% | 12.4% | ||
| Q3 25 | 38.1% | 29.2% | ||
| Q2 25 | 36.3% | 34.2% | ||
| Q1 25 | 34.2% | 24.3% | ||
| Q4 24 | 34.3% | 27.0% | ||
| Q3 24 | 33.6% | 30.0% | ||
| Q2 24 | 33.6% | 31.5% | ||
| Q1 24 | 33.4% | 28.5% |
营业利润率APHFCX
| Q4 25 | 26.8% | 15.4% | ||
| Q3 25 | 27.5% | 28.9% | ||
| Q2 25 | 25.1% | 32.3% | ||
| Q1 25 | 21.3% | 23.4% | ||
| Q4 24 | 22.1% | 21.1% | ||
| Q3 24 | 20.3% | 29.0% | ||
| Q2 24 | 19.4% | 32.0% | ||
| Q1 24 | 21.0% | 26.3% |
净利率APHFCX
| Q4 25 | 18.6% | 10.7% | ||
| Q3 25 | 20.1% | 18.3% | ||
| Q2 25 | 19.3% | 20.6% | ||
| Q1 25 | 15.3% | 14.2% | ||
| Q4 24 | 17.3% | 12.3% | ||
| Q3 24 | 15.0% | 18.5% | ||
| Q2 24 | 14.5% | 20.0% | ||
| Q1 24 | 16.9% | 18.7% |
每股收益（稀释后）APHFCX
| Q4 25 | $0.93 | — | ||
| Q3 25 | $0.97 | $0.46 | ||
| Q2 25 | $0.86 | $0.53 | ||
| Q1 25 | $0.58 | $0.24 | ||
| Q4 24 | $0.16 | — | ||
| Q3 24 | $0.48 | $0.36 | ||
| Q2 24 | $0.41 | $0.42 | ||
| Q1 24 | $0.87 | $0.32 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $11.4B | $3.8B |
| 总债务越低越好 | $14.6B | $9.4B |
| 股东权益账面价值 | $13.4B | $18.9B |
| 总资产 | $36.2B | $58.2B |
| 负债/权益比越低杠杆越低 | 1.09× | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资APHFCX
| Q4 25 | $11.4B | $3.8B | ||
| Q3 25 | $3.9B | $4.3B | ||
| Q2 25 | $3.2B | $4.5B | ||
| Q1 25 | $1.7B | $4.4B | ||
| Q4 24 | $3.3B | $3.9B | ||
| Q3 24 | $1.6B | $5.0B | ||
| Q2 24 | $1.3B | $5.3B | ||
| Q1 24 | $2.0B | $5.2B |
总债务APHFCX
| Q4 25 | $14.6B | $9.4B | ||
| Q3 25 | $7.1B | — | ||
| Q2 25 | $7.1B | — | ||
| Q1 25 | $6.8B | $9.4B | ||
| Q4 24 | $6.5B | $8.9B | ||
| Q3 24 | $5.1B | $9.7B | ||
| Q2 24 | $5.0B | $9.4B | ||
| Q1 24 | $3.6B | $9.4B |
股东权益APHFCX
| Q4 25 | $13.4B | $18.9B | ||
| Q3 25 | $12.5B | $18.7B | ||
| Q2 25 | $11.5B | $18.2B | ||
| Q1 25 | $10.3B | $17.7B | ||
| Q4 24 | $9.8B | $17.6B | ||
| Q3 24 | $9.5B | $17.5B | ||
| Q2 24 | $9.0B | $17.4B | ||
| Q1 24 | $8.7B | $17.0B |
总资产APHFCX
| Q4 25 | $36.2B | $58.2B | ||
| Q3 25 | $27.1B | $56.8B | ||
| Q2 25 | $25.7B | $56.5B | ||
| Q1 25 | $22.9B | $56.0B | ||
| Q4 24 | $21.4B | $54.8B | ||
| Q3 24 | $19.6B | $55.4B | ||
| Q2 24 | $18.6B | $54.6B | ||
| Q1 24 | $16.7B | $54.2B |
负债/权益比APHFCX
| Q4 25 | 1.09× | 0.50× | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.66× | 0.53× | ||
| Q4 24 | 0.66× | 0.51× | ||
| Q3 24 | 0.54× | 0.55× | ||
| Q2 24 | 0.56× | 0.54× | ||
| Q1 24 | 0.41× | 0.56× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.7B | $693.0M |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $-312.0M |
| 自由现金流率自由现金流/营收 | 22.8% | -5.9% |
| 资本支出强度资本支出/营收 | 3.9% | 19.1% |
| 现金转化率经营现金流/净利润 | 1.44× | 1.23× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $1.1B |
8季度趋势，按日历期对齐
经营现金流APHFCX
| Q4 25 | $1.7B | $693.0M | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $764.9M | $1.1B | ||
| Q4 24 | $847.1M | $1.4B | ||
| Q3 24 | $704.0M | $1.9B | ||
| Q2 24 | $664.1M | $2.0B | ||
| Q1 24 | $599.5M | $1.9B |
自由现金流APHFCX
| Q4 25 | $1.5B | $-312.0M | ||
| Q3 25 | $1.2B | $608.0M | ||
| Q2 25 | $1.1B | $934.0M | ||
| Q1 25 | $576.3M | $-114.0M | ||
| Q4 24 | $647.3M | $197.0M | ||
| Q3 24 | $474.0M | $673.0M | ||
| Q2 24 | $522.8M | $840.0M | ||
| Q1 24 | $505.2M | $642.0M |
自由现金流率APHFCX
| Q4 25 | 22.8% | -5.9% | ||
| Q3 25 | 19.6% | 8.9% | ||
| Q2 25 | 19.8% | 12.4% | ||
| Q1 25 | 12.0% | -2.0% | ||
| Q4 24 | 15.0% | 3.4% | ||
| Q3 24 | 11.7% | 10.1% | ||
| Q2 24 | 14.5% | 13.1% | ||
| Q1 24 | 15.5% | 10.3% |
资本支出强度APHFCX
| Q4 25 | 3.9% | 19.1% | ||
| Q3 25 | 4.2% | 15.5% | ||
| Q2 25 | 5.3% | 16.8% | ||
| Q1 25 | 3.9% | 21.0% | ||
| Q4 24 | 4.6% | 21.1% | ||
| Q3 24 | 5.7% | 17.9% | ||
| Q2 24 | 3.9% | 17.4% | ||
| Q1 24 | 2.9% | 20.2% |
现金转化率APHFCX
| Q4 25 | 1.44× | 1.23× | ||
| Q3 25 | 1.18× | 1.33× | ||
| Q2 25 | 1.30× | 1.42× | ||
| Q1 25 | 1.04× | 1.33× | ||
| Q4 24 | 1.14× | 1.99× | ||
| Q3 24 | 1.16× | 1.51× | ||
| Q2 24 | 1.27× | 1.53× | ||
| Q1 24 | 1.09× | 1.63× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APH
| Communications Solutions Segment | $3.5B | 54% |
| Harsh Environment Solutions Segment | $1.7B | 26% |
| Sales Channel Through Intermediary | $1.4B | 21% |
FCX
| Morenci | $2.5B | 47% |
| Grasberg Segment | $964.0M | 18% |
| Copper In Concentrates | $934.0M | 18% |
| Molybdenum | $541.0M | 10% |
| Gold | $388.0M | 7% |
